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07-04-2008, 10:31 PM
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#1 (permalink)
| | Registered Members
Join Date: Mar 2008 Posts: 35 Gender: 
Total SGC$: 59.50 |  How much liquid cash should i hold in savings acc ? >.>;
Any idea how much is enough for a person to have in his saving Acc? Not wise to hold too much rite since will inflat.... | 
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07-04-2008, 10:36 PM
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#2 (permalink)
| | Addicted SGClubber
Join Date: Feb 2008 Posts: 497 Gender:
Total SGC$: 536.55 | Re: How much liquid cash should i hold in savings acc ? >.>;
about 6 months of your gross salary, i think. that's what the bankers always say.
IMO, i'd rather save more in there. too bad the interest rate is nil. | |
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07-04-2008, 10:51 PM
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#3 (permalink)
| | Registered Members
Join Date: Mar 2008 Posts: 35 Gender:
Total SGC$: 59.50 | Re: How much liquid cash should i hold in savings acc ? >.>;
IMO, i'd rather save more in there. too bad the interest rate is nil.[/quote]
sibei sian to see $15++ interest earned per month... stupid citibank....giving ppl peanuts.. | |
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07-04-2008, 11:39 PM
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#4 (permalink)
| | Experienced SGClubber
Join Date: Sep 2007 Posts: 1,477 Gender: Location: High above the Mucky Muck
Total SGC$: 1,780.22 | Re: How much liquid cash should i hold in savings acc ? >.>;
The general opinion is between 3-6 months of your salary, depending on your lifestyle and how much you earn of course. | |
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08-04-2008, 06:19 PM
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#5 (permalink)
| | ^_________^
Join Date: Feb 2008 Posts: 2,229 Gender:
Total SGC$: 3,520.54 | Re: How much liquid cash should i hold in savings acc ? >.>;
3 months will be what FA's will advise u on keeping as emergency funds. its a rough guide off the book.
but what are the chances u need 10k if u earn 3k a month?  Rich ≠ Wealthy
Road to financial freedom | Seeking the true meaning of Wealth
I don't love you because I need you;
I need you because I love you...
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09-04-2008, 05:17 PM
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#6 (permalink)
| | the labi
Join Date: Dec 2007 Posts: 5,067 Gender:
Total SGC$: 8,561.05 |  Re: How much liquid cash should i hold in savings acc ? >.>;
up to individual but 3-6 mths will b a minimum....  | |
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